Shire soars as Takeda weighs up bid

28 March 2018

Shares in Shire (LSE: SHP) were up 16% at £35.49 by mid-afternoon on Wednesday after Japan’s largest pharma company confirmed that it was considering making an approach to buy the Ireland-headquartered drugmaker.

In a statement, Takeda (TYO: 4502) said that it was at a ‘preliminary and exploratory stage’ of weighing up an offer, and that there was no certainty that any bid would be made.

"A transaction would accelerate Takeda’s vision to be a leader in specialized medicines"

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